Staff writer
Econet Wireless Zimbabwe Limited has announced a dividend in specie, distributing shares in Econet InfraCo to its shareholders following the conclusion of its recent Exit Offer.
The company revealed that it now holds 2.85 billion InfraCo shares, representing 95.215% of the subsidiary’s issued share capital, after only 4.785% was taken up by shareholders who opted to exit.
This fell below
Staff Writer
Old Mutual Limited says Zimbabwe remains strategically relevant within the broader Old Mutual Africa Regions cluster, where the group is pursuing growth in retail and high-net-worth segments.
The group in its 2025 annual financials said a new high-net-worth offering rolled out in partnership with its wealth management division has been extended to affluent clients in Zimbabwe alongside
Staff Writer
Diversified group Innscor Africa Limited now holds a 27 percent stake in Tanganda Tea Company Limited after underwriting an US$8 million rights offer through its beverage holding entity, Rutanhi Beverages Limited.
The transaction is according to Innscor is aimed at aimed at unlocking value for both the business and Zimbabwe’s agricultural sector.
Commenting on the group’s half-year
Staff Writer
CABS in partnership with retail chain TM Pick n Pay Zimbabwe has donated a combined US$260 000 towards cancer-related initiatives, with the financial services institution’s managing director Mehluli Mpofu saying the collaboration reflects how partnerships can transform lives and expand access to critical health services.
The funds were raised through
Staff Writer
Central Africa Building Society (Central Africa Building Society) has partnered with global payments firm Visa to introduce new digital payment solutions in Zimbabwe, with a virtual card expected to be launched later this month.
The development comes as CABS continues to strengthen its footprint in the payments space, having recently emerged as the country’s third most popular card
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HARARE, IN a ruling that could reshape the landscape of insurance disputes in the country, the High Court has ordered Alliance Insurance Company (Private) Limited to, within six months, reconstruct a factory destroyed by fire just over two years ago, compelling the insurer to honour its commitment under a US$24 million policy.
Justice Takuva on Wednesday last week delivered the ruling, unequivocally
Staff Writer
Econet Wireless Zimbabwe has moved to explain the rationale behind its proposed transition from the Zimbabwe Stock Exchange (ZSE) Main Board to an Over-the-Counter (OTC) trading system administered by the Victoria Falls Stock Exchange (VFEX), citing persistent undervaluation and liquidity constraints on the local bourse.
In a circular to shareholders, the telecommunications group said
Staff Writer
CBZ Holdings is accelerating its expansion into the regional insurance market as part of a broader strategy to grow an impactful balance sheet to US$2 billion by 2028.
Group chief executive Lawrence Nyazema said in an interview on CNBC Africa on the sidelines of the World Economic Forum in Davos.
Nyazema said CBZ, whose balance sheet has grown from about US$1 billion to just over
Staff Writer
The Deposit Protection Corporation (DPC) has announced the cancellation of membership of ZB Building Society and FBC Building Society from the Deposit Protection Scheme following the withdrawal of their operating licences by financial regulators.
In a statement, the DPC said ZB Building Society ceased to be a member of the Scheme after its operating licence and registration were cancelled